Question
The Lo Sun Corporation offers a 8% bond with a current market price of $875.05. The yield to maturity is 9.18%. The face value is
The Lo Sun Corporation offers a 8% bond with a current market price of $875.05. The yield to maturity is 9.18%. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures?
| A. | 40 years |
| B. | 52 years |
| C. | 60 years |
| D. | 65 years |
| E. | 80 years |
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Elementary Statistics
Authors: Mario F. Triola
3rd Canadian Edition
032122597X, 978-0321225979
